The company conducted its first oil shipping operation from the Pechora Sea, where MSCO has developed a sub-sea oil terminal in year 2000, BarentsObserver reported. The oil shipped from the Pechora Sea is shipped to the "Belokamenka" tanker stationed in the Kola Bay outside Murmansk. The "Belokamenka" is being used as a terminal tanker also by the Rosneft oil company.

The Murmansk Shipping Company is the biggest Russian shipping company in the North. The company also runs the Russian federal fleet of nuclear icebreakers.

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